Apprenticeships: Cable guarantees quality, slashes red tape and delivers cash boost for firms
Business Secretary Vince Cable today announced new measures to ensure more young people benefit from an apprenticeship, and to help employers gain the skilled workers they need to grow.
As part of the Government’s plan for growth, Ministers are taking action to make it easier for companies to take on apprentices, and ensure that the quality of apprenticeships is continually improved. He told businesses in Londonrecently that the Government would slash the red tape that can deter hard pressed firms from taking on apprentices, and provide a financial incentive to help the smallest firms recruit their first young apprentices.
The following measures to further strengthen the UK’s world class apprenticeships programme were recently announced:
· To encourage thousands of small firms that don’t currently hire apprentices to take on a young apprentice aged 16 to 24, the Government will offer employers with up to 50 employees an incentive payment of up to £1,500. This will support up to 20,000 new apprenticeships in 2012/13. An initial payment will be made two months after the individual has started their apprenticeship; the balance will be paid after the apprenticeship has been completed and the trainee has progressed into sustainable employment.